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This Announcement contains inside information within the meaning of Article 7(1) of the assimilated Regulation No. 596/2014 as it forms part of the law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented.
Response to Press Speculation
Following recent press speculation, London Stock Exchange Group plc ("LSEG", "Group" or the "Company") confirms that it is in discussions with Permira regarding the purchase of Octus for a consideration of approximately $3.5 billion. No final agreement has been reached and no transaction is guaranteed.
Octus is a leading credit intelligence, data and workflow provider for buy-side firms, investment banks, law firms and advisory firms. Octus' proprietary data covers the full credit lifecycle, with a leading position in illiquid and private credit - a high growth segment of the market. Octus has a strong track record of double-digit revenue growth based on a high-retention subscription model. Octus' coverage and solutions are highly complementary to LSEG's existing fixed income data & analytics and private markets solutions.
The potential acquisition of Octus would be immediately accretive to LSEG's Data & Analytics and Group revenue growth.
Any transaction would be subject to regulatory approval. Further information will be provided as appropriate.